Futures are down around half a percent as weak economic reports out of Germany and China weigh on the markets. Commodities have been trading lower over the last two days. The global economy remains unwell thus have spurred foreign central banks to keep or increase their easy money policies.
Market Lab Report - Premarket Pulse 10/13/15
| Published: | 13 Oct 2015 12:36 ET |
Major averages barely budged yesterday on lower Columbus Day volume. The NASDAQ Composite closed just above its 50-day although the index, like the S&P 500, is showing some slight wedging action as it edges higher on declining volume. The number of actionable names remains few but some stocks are setting up should this bounce continue. Whether this translates into big money-making opportunities or just more of the same sort of unsustainable short-term moves we've seen in this market throughout 2015 is an open question. We will keep members apprised of any opportunities should they present themselves in real-time.
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.